Ethical advisors and life insurance agents have overlooked this market because they lacked the proper tools to successfully implement it. We believe our product will stimulate this market.
Greensboro, NC (PRWEB) July 27, 2010
PensionMax.com is pleased to announce the launch of the PensionMax Report, a new product that adequately addresses the common problem with pension maximization software: providing enough life insurance at an affordable price during a client’s retirement. Insurable clients can now maximize their pension income immediately without having to purchase life insurance policies years in advance of their retirement date.
Pension maximization is a retirement planning strategy in which clients select the maximum “Single Life Option” from their pension plan instead of a reduced income “Survivor Option.” With the additional income from this option, they purchase a life insurance policy naming their spouse as the beneficiary. This policy is designed to replace the survivor income from the pension plan.
For years, life insurance agents and financial advisors have struggled to find pension maximization software that performed sufficiently for their clients. Their issue has been how much life insurance to provide their client based on factors such as their survivor’s income, pension cost of living adjustments and changing life expectancies.
The PensionMax Report solves this problem by providing the necessary life insurance amount every year of retirement comparable with a client’s pension “Survivor Option.” It provides insurance premiums and death benefit schedules which allow a client to maximize their pension income every year.
PensionMax.com uses actuary certified pension maximization software to calculate life insurance needs for every year of retirement. The report includes factors like pension cost of living adjustments, dynamic life expectancies and after tax effects.
With the emerging retirement of the baby boomer generation (a third of the work force in the next ten years), PensionMax.com’s William Devereaux sees the potential for an untapped life insurance market.
“A vast majority of married retirees select the survivor option from their pension without realizing the option of pension maximization,” he said. “Ethical advisors and life insurance agents have overlooked this market because they lacked the proper tools to successfully implement it. We believe our product will stimulate this market.”
Visit http://www.pensionmax.com to learn more about pension maximization and view sample PensionMax Reports. The company can be contacted directly at (800) 608-9419.